Quote from daytrader2010:
one tick covers your commissions on the ES with almost any broker.
but if you really want to save on commissions you can trade the SPY and use sogo trade, they are $3 flat and as far as I know that is for an unlimited number of shares.
so unlike trading futures where you are charged per contract with sogo the larger you trade the cheaper it is.
With a large account your basically trading for free.
but the real reason I am going to switch is because the fills are much better than with any of my futures brokers.
when your scalping like I do with futures a lot of the time I am getting out flat or losing one tick.
but trading SPY most of those same trades are up 1 or more ticks.
I should say I also always use market orders, so with futures I am losing a tick but that equals 2.5 ticks on SPY. If you do enough trades that difference is huge.